USDPLN Intraday Elliott wave view

PLN DAILY20170220204058

Short term Elliott wave view of USDPLN (Poland Zloty) suggests that the pair is on the verge of breaking above the 2.15.2017 high at 4.0883. Rally from 2.2.2017 low (3.9722) is unfolding as a double correction Elliott Wave structure where wave W ended at 4.0883 and wave X is proposed complete at 4.0352. Internal of wave W is unfolding as a zigzag Elliott wave structure where wave ((a)) ended at 4.0584, wave ((b)) ended at 4.0324, and wave ((c)) completed at 4.0883. Internal of wave X is also … [Read more...]

NASDAQ Composite: Elliott Waves calling higher

COMPQ-240-1-25 edited

in this technical blog, we are going to take a quick look at past performance of NASDAQ Composite charts from January 2017, which we presented to the clients at elliottwave-forecast.com. Below is the 4 hour chart from January 18,2017, showing the sequence of higher highs in the index from November 04,2016 lows. Also if we count the swing sequence, we can clearly see that the price action from November lows looks to be in 9 swings or 5 swing sequence, which needed some more upside to reach the … [Read more...]

GBPJPY Bullish Trend Starting? Part 2

GBPJPY, elliottwave, elliott wave, price action, PA, technical anlysis, pattern, trend, bullish

GBPJPY Technical Analysis February 10/2017 To view GBPJPY Bullish Trend Starting? Part 1 published January 19/2017 click here > Part 1 GBPJPY 4 Hour Bullish Pattern : On the 4 hour chart we can see a Bullish Pattern (Red) triggered at the BC 0.50% Fib. retracement level where it has since bounced higher. A strong breakout and candle close above the 4 hour Supply/Demand trend line (Blue) can signal that the pair will continue higher. Traders should watch for this … [Read more...]

USDCAD Elliott Wave View: More downside

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Preferred Elliott wave view in USDCAD suggests that the pair is showing a 5 swing bearish sequence from 12/28 high, favoring more downside. Short term, decline to 1.2965 ended Minor wave W and Minor wave X bounce is proposed complete as a triple three structure where Minute wave ((w)) ended at 1.3102, and Minute wave ((x)) ended at 1.2976. Minute wave ((y)) ended at 1.3135, Minute second wave ((x)) ended at 1.307, and Minute wave ((z)) of X ended at 1.3212. The rally to 1.3212 ended cycle from … [Read more...]

USDCAD Short Term Elliott Wave: Turning Lower

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Preferred Elliott wave view in USDCAD suggests that the pair is showing a 5 swing bearish sequence from 12/28 high, favoring more downside. Short term, decline to 1.2965 ended Minor wave W and Minor wave X bounce is proposed complete as a triple three structure where Minute wave ((w)) ended at 1.3102, and Minute wave ((x)) ended at 1.2976. Minute wave ((y)) ended at 1.3135, Minute second wave ((x)) ended at 1.307, and Minute wave ((z)) of X ended at 1.3212. Near term, while bounces stay below … [Read more...]

USDCAD: Expect turn lower soon

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Preferred Elliott wave view in USDCAD suggests that the pair is showing a 5 swing bearish sequence from 12/28 high, favoring more downside. Short term, decline to 1.2965 ended Minor wave W and Minor wave X bounce is unfolding as a flat where Minute wave ((a)) ended at 1.3102, and Minute wave ((b)) ended at 1.2976. Minute wave ((c)) is in progress as a diagonal where Minutte wave (i) ended at 1.3076, Minutte wave (ii) ended at 1.2988, Minutte wave (iii) ended at 1.3212, and Minutte wave (iv) … [Read more...]